Top Ten Jobs in Malaysia
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As the digital economy grows, Malaysians must be prepared to choose jobs that will be in demand in the future as well as still exist. 75 million job roles are expected to disappear by 2022 according to the “Future of Jobs Report 2018” by the World Economic Forum,. Furthermore, another 133 million roles are expected to emerge.
Below is a list of the top 10 jobs that will be in demand in Malaysia in the next few years. When you choose your course after SPM or STPM, it is important to take into account whether the course you have chosen will get you a job after you graduate. Many graduates have found out too late that they could not find a job because they chose a course which is not high in demand.
You might also be interested to read these:
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- 30 Jobs with Future High Demand & Salaries in Malaysia – Find Out so you can choose the Best Course to Study Now!
- Study Courses that has High Job Demand in Malaysia
- Top 20 Courses to Study in Malaysia that has High Job Demand & Stable Salary
- Top 10 Best Courses to Study in Malaysia
- What is the Best Course to study after SPM or O-Levels in Malaysia?
- Malaysia’s 28 Top Jobs in Demand in Future with High Salaries
- Top 10 Degree Courses in Malaysia with Highest Starting Salaries
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Top Jobs in Demand in Malaysia
- Data Scientists
- There is a tremendous requirement for Data Scientists and Big Data Specialists worldwide now and in the future, with hundreds of thousands of new job opportunities emerging globally. In Malaysia alone, by the year 2020 this need is expected to reach at least 20,000 data professionals and 2000 data scientists. Job demand as well as salary for qualified Data Scientists or Big Data Professionals in Malaysia is high.
- According to the Data Science Competency Checklists 2017 report by MDEC, Dataviz.my and Big Data, “While the highest bracket a data scientist could expect was more than RM15,000 per month, the highest bracket for data engineers and data analysts was RM8,001 – RM15,000. The skills that differentiate data scientists, namely, statistics and modelling and machine learning competencies, can add high value to a graduate’s earning potential.”
- Asean Data Analytics Exchange (ADAX) CEO Sharala Axryd believes data professionals such as data engineers, data analysts and data scientists are in hot demand due to their highly valued skill sets. According to her, local data science fresh graduates can demand starting pay in the range of RM4,000-RM8,000 — making it the highest paid entry level job in the country today. An experienced professional in the field can demand up to RM15,000.
- Sales executive/marketing Professionals
- A career in sales and marketing has proven to be a lucrative one for many employees, both fresh and experienced, for a very long time. There is no denying the competitiveness of this area of work, but a sales and marketing executive who is prepared for the challenges that lie ahead will gain invaluable work experiences and attractive remuneration – on top of the commissions which are based on sales. The art of communicating is at the crux of the profession, therefore it is imperative for one to have commendable people skills and convincing power.
- Sales and marketing professionals in Malaysia expect an average salary increase of 15% to 20% when they switch jobs in 2020. According to the 2020 Salary Survey by Robert Walters Malaysia, the top areas in demand for the sector are brand management, programmatic marketing, export sales, and retail operations. It also highlighted marketing as an area where candidates will need to develop their digital expertise in order to secure good roles.
- Marketing directors in the professional services are expected to earn between RM240,000 to RM480,000 per annum in 2020, while those in the consumer sector are expected to earn RM360,000 to RM480,000. Meanwhile, marketing directors in the industrial sector will earn between RM240,000 to RM360,000 per annum next year.
- Accountants have been in demand for years, and will continue to be in the time to come. The reason behind this fact is simple: accountants are useful to businesses and organisations of all sizes. They are the interpreters of financial information, which is crucial to almost every industry in existence in the world today.
- Presently, Malaysia has about 7.5 million Accountants. The country requires another 60,000 Accountants to fulfill Vision 2020.
- By 2020, the prospect in accounting careers is expected to grow by 16% and 23% growth in finance job scopes. If you choose to be a financial accountant than u can get job in public or private sectors and you can also deepen and diversify your skills into governmental accounting, non-for-profit accounting, forensic accounting, or other specific fields.
- The Financial sector stands as one of the largest sectors in Malaysia with more than 300,000 people employed. This sector is made up by professionals in the Accounting, Banking, Economics, Finance, Insurance and Statistics and Taxation sub-sectors. An important industry for the country, it contributes up to 11 percent of the nation’s Gross Domestic Product (GDP).
- Given the expected continuous growth in the insurance market, it is anticipated that the demand for actuaries in Malaysia will continue to grow in the next few decades. Future regulatory developments (e.g. requirement for certification of IBNR) and the increasing need for risk management are likely to result in significant increase in demand for actuarial services by general insurers. With only 100 qualified actuaries in Malaysia, the market for actuaries can perhaps still be considered unsaturated.
- Electrical engineer/electronics engineer
- Electrical and electronics engineers form the core of various technology-led companies in Malaysia. It comes as no surprise that the profession is still largely in demand now, and the trend is continued to increase in the next several years due to the higher enrolment of students into chemical and geological disciplines – which in turn is caused by the upsurge in the Malaysian oil and gas sector. Electrical and electronics engineers who possess solid analytical and communication skills will have a clear advantage over the others.
- Human Resources Professionals
- Human resource is a highly desired job profile, and is a lucrative career path to those who possess the right skills set. Every organisation hires on a regular basis, and the HR department ensures that the company continues to attract quality human capital to gain an advantage over the competition. The HR executive profession is still very popular amongst graduates and is seen as the best starting point to being a HR manager in the future.
- Human Resource professionals need business acumen. Malaysian businesses will be looking for qualified and experienced Human Resource professionals who are strategic thinkers and can help them map out long-term growth plans.
- Software engineer
- The whole world is moving very fast in the area of technology and many jobs done by humans have been or will be replaced by robots and computers. Therefore, it makes sense to choose to study Software Engineering as the future potential for these careers are very good and the salaries are high and keep on increasing each year.
- Software engineers are constantly designing, implementing and modifying software to suit the needs of a variety of applications. They are at the forefront of technology and play an indispensable part in the creation of quality software that is reliable yet affordable.
- Logistics and Supply Chain Management
- Logistics and Supply Chain Management is all about moving products from A to B. Delivering products/services at the right time and place, right cost, and at the right quantity and quality is at the heart of logistics and supply chain management. In the past few decades we have seen tremendous growth in world trade: Products are manufactured in one place, then shipped and sold in other places all over the world. Globalisation has been the major driver of economic growth. Traditional work areas that graduates can work in are at ports, airports, retail, and courier delivery companies like FedEx, DHL, etc.
- Even locally, the movement of products from point A to B have grown through Apps like Grab Food, Honest Bee, Food Panda, and more. Young people have been buying and selling products using online platforms such as Alibaba, Lazada, Zalora, Rakuten, Mudah.my and others.
- That means that for many large organisations, managing their supply chains has become increasingly important. In fact, many of the world’s most successful businesses owe their success to efficient supply chain management.
- Telecommunication engineer
- Telecommunication is the means of communicating through the transmission of signals. In today’s world, it is all around us – from 5G connectivity to streaming videos to mobile downloads, and so on. The IPSOS report identified eight key talent shortage areas in the E&E field and one of the areas in demand for Telecommunications Engineers. They are responsible for the analysis, design, implementation, optimization and enhancement of wireless telecommunications products and networks.
- Telecommunications engineers work behind the scenes to keep people connected, wherever they are, and are seen as in-demand professionals. In Malaysia, new job openings are available for fresh graduates within the many telecommunications providers operating within the country.
- Corporate bankers provide financial services to the clients of the bank they work for, and conduct such activities such as lending, clearing, investing deposits or organising specialist products. Upon joining, fresh graduates will be given on-the-job training to better themselves, especially when it comes to perfecting the skills required for relationship building with existing clients and marketing to bring new clients to the bank.
- And, with financial institutions strengthening their governance structures, positions to manage anti-money laundering activities, sales and regulatory compliance, are opening up. New rules and regulations for financial institutions are being introduced, so, there’s a greater demand for risk managers and compliance professionals.
- Candidates who are able to reduce financial institutions’ exposure to risk will stand out as employers step up their efforts to ensure they adhere to regulatory requirements. Risk and compliance will be two hot areas where fierce competition will take place for the right candidate
- By 2020, the Malaysian financial services sector is predicted to create 275,400 new jobs, with positions relating to accounts, investments, international trade, sales and marketing and economics becoming widely available. Therefore, if you have decided on studying a degree in Finance, Banking & Investment, you have made the best choice for a solid future career. Just make sure that you choose the best university in Malaysia for you Finance, Banking & Investment studies.
How to Choose the Best Private University to Study in Malaysia
The best private universities and colleges in Malaysia have excellent facilities, years of experience running the programme, strong student support services, internships and experienced lecturers.
They are also accredited by MQA and approved by the Malaysian Ministry of Education. Accreditation by the various professional bodies such as the Board of Engineers Malaysia, Pharmacy Board, Lembaga Arkitek Malaysia, Nursing Board, Malaysian Medical Council, etc also indicates the standard achieved.
The best private university in Malaysia will focus on quality, have award winners for the particular courses, years of experience offering the particular course, highly experienced lecturers, a good study environment (not a party university), internships, good mix of international & local students, extra-curricular activities and good facilities. The SETARA ranking is a guide for students to assess the quality of a private university in Malaysia.
Talk to the lecturers and find out from the counselors there about the courses and check if the courses have been accredited by MQA and other external bodies like the Pharmacy Board, Nursing Board, Malaysian Medical Council, Board of Engineers Malaysia , Lembaga Arkitek Malaysia or Persatuan Arkitek Malaysia.
The environment should be one where students speak mostly in English so that you can improve your English and communication skills. If you are weak in English and choose a cheap university where the students speak mainly in Mandarin, it will be difficult for you to improve your English.
For further advise and assistance in choosing the right course to study, please contact us.